Reliance Retail Ventures Ltd., the patron arm of the diversified conglomerate Reliance Group led by Mukesh Ambani, reported a ten% year-on-year enhance in its income after tax (PAT) for the quarter ending on December 31, 2024. All through this period, Reliance Retail Ventures’ (RRVL) PAT was Rs 3,458 crore, up from Rs 3,145 crore within the similar quarter the sooner 12 months.
Working earnings moreover grew by 7% as compared with the sooner 12 months, reaching Rs 79,595 crore from Rs 74,373 crore. This resulted in a 3.3% enhance in earnings from operations to Rs 212,357 crore for the nine-month interval between April and December 2024, up from Rs 205,469 crore reported within the similar interval the sooner 12 months.
“Retail section delivered a strong effectivity, with noteworthy contribution from all codecs. The enterprise ably capitalized on the pick-up in consumption amid festive demand all through the quarter,” Mukesh Ambani, Chairman & Managing Director, Reliance Industries acknowledged in an announcement.
Throughout the third quarter of fiscal 12 months 2025, RRVL improved its earnings sooner than curiosity, tax, depreciation, and amortization (EBITDA) by 9.8% year-on-year to Rs 6,828 crore, up from Rs 6,238 crore. The EBITDA margin remained at 8.6%, an increase of 20 basis elements from 8.4% inside the third quarter of fiscal 12 months 2024, nevertheless decreased by 20 bps sequentially. One basis degree is the same as at the least one hundredth of a share degree.
No matter being a festive quarter, footfall in Reliance’s shops decreased from the sooner quarter. Over the previous quarter, the company recorded 296 million footfall in its retailers, down from 297 million inside the second quarter of fiscal 12 months 2025, whereas it elevated by 5% year-on-year from 282 million inside the third quarter of fiscal 12 months 2024.
In line with Ambani, a superior understanding of purchaser desires and preferences enabled Reliance Retail to serve every kind of demographic profiles “with the proper product, on the right time, via the proper channel”. “With customer-centric innovation at its core, the enterprise constantly endeavors to spice up the buying experience of its purchasers via its large attain and a constantly rising product basket,” he added.
Whereas RRVL added 779 new retailers to its portfolio, bringing the entire number of retailers under its umbrella to 19,102, the realm operated by the retail primary decreased sequentially. In Q3, the realm operated stood at 77.4 million sq. toes, down from 79.4 million sq.ft. in Q2 nevertheless up from 72.9 million sq.ft. in Q3 of FY2024.
In line with the company, its grocery enterprise grew at a healthful tempo of 37% y-o-y led by large discipline format. There was progress all through lessons, with primary merchandise and value apparel rising at 20% y-o-y and premium personal care and surprise rising 16% y-o-y whereas Metro enterprise achieved highest ever festive product sales, it acknowledged. JioMart expanded the product differ with a 33% y-o-y enhance inside the vendor base whereas Milkbasket reported 20% y-o-y progress in month-to-month energetic prospects and 24% y-o-y progress in its GMV.
Shopper producers continued to ship progress all through lessons with 9 month FY2025 earnings at Rs 8,000 crore. Campa & Independence – two of its flagship quick paced shopper objects producers gained traction all through markets. In line with the company, Campa has over 10% market share in glowing beverage class in select states. Every producers are projected to cross Rs 1,000 crore turnover each in FY25.
“Reliance Retail delivered sturdy effectivity all through the quarter led by festive looking for all through consumption baskets. Our cope with offering large number of merchandise at a sexy worth price proposition continues to draw purchasers to our retailers and digital platforms. We’re creating via JioMart – particular deliveries, scheduled deliveries coupled with Milkbasket – subscription firms, a seamless buying experience that serves numerous purchasers all through all lessons and catchment,” acknowledged Isha Ambani, Authorities Director, RRVL.
